Other Key Demographic Triggers:

- Bangalore has only 42% of local population. Hence, it is a truly cosmopolitan city

- Bangalore has the highest number of software professionals in the world

- Bangalore has produced the highest number of professionals working in the USA, and almost 60% of the Indian population abroad are from Bangalore

- Bangalore has the highest number of software companies in India - 212

- Bangalore has 21 engineering colleges, which is highest in the world in a given city

One of the major factors driving real estate consumption in Bangalore is the consistency of job creation, which surpasses all other Indian cities. In the last one decade, even after a serious slowdown in national and international economic growth, Bangalore has been consistent in generating the highest number of jobs for engineers and management graduates among all cities of India. It is a growing city both in terms of geographical expansion and in providing livelihood to educated young Indians; yet it has still not lost its lifestyle attractiveness quotient.

Bangalore's Luxury Housing Hotspots

Bangalore is resplendent with areas that can be defined as 'posh' both in terms of cultural richness and density of wealth. Residents of Vittal Mallya Road, Richmond Road, Ulsoor Road, Sadashivnagar and the by-lanes of Cunningham Road have always cherished the experience of living in independent houses. While these houses are now giving way to apartment buildings, these locations still retain their profiling as addresses that announce status and prestige.

Indiranagar and Koramangala are the preferred destinations of first-generation rich entrepreneurs who value an evolved lifestyle that does not require them to compromise on space. Bangalore's elite continue to prefer these locations as against moving into newer areas which offer comparable lifestyle quotients, but lack the charm they are accustomed to.

The current rates for residential properties on Vittal Mallya Road range from Rs. 27,000-30,000/sq.ft. and go as high as Rs.42,000-45,000/sq.ft. in locations like Richmond Road, and Rs.29,000-30,000/sq.ft. on Sankey Road.  

Considering the limited supply, both now and in the foreseeable future, these are extremely high premium locations with no supply overhang whatsoever. As a result, the capital appreciation potential is considerable. While luxury apartment costs ranging between Rs. 6 crore to Rs. 30 crore may seem exorbitant, they are in fact very reasonable when compared to the rates going in premium locations of established cities like Delhi and Mumbai.

The space and lifestyle that the luxury projects in these areas offer against a backdrop of unsullied charm and grandeur is clearly lacking in most other cities. A luxury apartment in Indira Nagar and Koramangala is still an attainable reality with prices ranging from Rs. 9,000-12,000/sq.ft. No other premium locations of other major Indian cities offer such prices in the luxury segment.